The Pego Power Station was built between 1988 and 1995 to increase domestic electricity generating capacity, providing for higher consumption in the 90s and the need to diversify energy sources.

The Power Station’s purchase by an international consortium, in 1993, represented an enormous step forward, involving the private sector in a significant proportion of Portuguese energy generation.

Tejo Energia is a pioneering project and remains a benchmark operator in worldwide electricity markets.

Pego Power Station was also the first major project finance development in Southern Europe, involving shareholders as well as the leading Portuguese and international banks. The project’s importance is clearly evidenced by the fact that it represented the largest cross-border transfer in Europe in 1993.

Tejo Energia is also one of the largest private sector companies in Portugal by asset value.

The above scenario has placed Tejo Energia in an excellent position to enable it to perform its corporate object of converting coal ... into electricity.